The latest WingX weekly tracking report shows private jet travel continues to hold onto its recovery despite the resurgence of COVID-19 and fewer UHNW events
Global business aviation activity is down by 15% through most of October 2020 compared to the same period in 2019. However, 15% down is the new up if you are in a travel-related business, for sure.
Private aviation consultants WingX says the private jet recovery had plateaued for the time being
The recovery in private jet traffic at this point appears to be hitting a ceiling of around 85% compared to 2019. That’s the assessment from Wing-X weekly’s global tracking report.
And while that sounds good compared to other sectors of the travel industry, it equates to a reduction of about 50,000 fewer private aviation sectors since the start of September. Including private jets and turboprops. In terms of hours, just over 550,000 hours have been operated in that period, an 18% year-over-year drop.